Forex Daily Forecast, Analysis and Prediction

Bulls Push to Test Resistance at $1.2652.

The AUD/USD exchange rate drifted upwards on Tuesday as the focus shifted to the upcoming US inflation data.

Bitcoin continued its strong rally, surging to the important psychological level of $50,000 for the first time since 2021.

The EUR/USD pair remained in a consolidation phase on Tuesday ahead of the upcoming US consumer inflation numbers.

Over the past four trading sessions, the GBP/USD pair has attempted to rebound, with gains not exceeding the 1.2643 level.

Last week's trading was generally bearish for the performance of the price of EUR/USD.

In recent sessions, the silver market has displayed signs of seeking support just below current levels.

As of this writing the USD/MXN is near the 17.07100 price level.

By the end of last week's trading, gold prices retreated once again to the support level of $2020 per ounce.

Bulls' control over the direction of the USD/JPY increased last week after statements by Bank of Japan officials about the future of abandoning the negative interest policy.

The Australian dollar has been hovering around the 0.65 level in recent trading sessions.

The USD/ZAR as of this writing is near the 19.01350 ratio.

The crude oil markets have shown significant upward momentum recently, a trend that continued into Friday's trading session.

Potentially Pivotal Zone at $1.0800.

Natural gas markets have faced ongoing challenges during recent trading sessions.